Neptune Wellness Solutions Inc NEPTF

Are these guys for real?!

[scarface9]

they just did a 2nd reverse split to maintain Nasdaq listing and now they issue shares at a price that tanks the stock 40%

Consumer-packaged goods company Neptune Wellness Solutions (NASDAQ:NEPT) priced public offering of 1.8M shares and accompanying warrants to purchase up to an aggregate of 1.8M shares at a combined public offering price of $2.50 per share and accompanying warrant.

 

Gross proceeds of ~$4.5M.

 

The warrants have an exercise price of $2.50 per share, are immediately exercisable upon issuance and will expire five years following the date of issuance.

 

The closing of the offering is expected to occur on or about September 26, 2023.

 

The company plans to use the proceeds of the offering for working capital, including for payment of accounts payable due to suppliers.

[scarface9]

OMG , they're only $.70 away from not being in compliance with Nasdaq listing requirements already after just doing that reverse split around a month ago.

[scarface9]

They only have around 600k shares outstanding, yet the trading volume was 3.6 million shares?!!

[RayDonovan78]

Thats because EVERYONE is SHORTIN SHORTING SHORTING this @@@@@ TURD !!!!!!! Someone should be in JAIL !!!

[RayDonovan78]

Thats not a problem, they will just do a 50:1 this time and F@CK the share holders once again....You should phone your broker and ask for a paper copy of this POS so you can hang it on the wall for a topic of conversation, but get yourself a nice frame because that is there the money will be. 

[scarface9]

I sold my shares way back during the MJ stocks craze. But I left their ticker symbol on my list, so that's how I noticed the crazy price drop. I know reverse splits are bad news but I don't think I've ever seen a company drop this fast after one.  I just can't believe how inept they are. Who the ef is going to buy this new share issue priced at $2.50 when it's trading at

[Goldluck]

Scarface get a grip,  fleecing of stockholders is a common occurance  but I agree  the way this company is going about it,  is far beyond anything I've seen.  MC is so blatant about stealing because he knows he will get away with it.   Best anyone can do is just sell and claim the loss and move on.

[scarface9]

Lol, start the countdown to the next delisting warning. Well under a $ again in record time.

[Slicklee]

It's unbelievable...who in there right mind would invest in this company # going bust 

[scarface9]

Game over  Neptune Wellness Solutions (NASDAQ:NEPT) said on Tuesday that Nasdaq has determined to delist the consumer-packaged goods company's shares on non-compliance with the stock exchange's minimum bid price rule and stockholders' equity requirement. The company's bid price for shares on Nasdaq closed below $1.00 for 30 consecutive trading days. As the company has